LME ASIAN WRAP: Copper prices climb after PBOC cash injection

London Metal Exchange copper prices continued to edge up in early Asian trading on Wednesday October 31, after China’s central bank eased liquidity.

At 02:03 London time, three-month copper stood at $7,769.25 per tonne, up $30.25 from its opening price. The contract traded in a tight range of $67, reaching $7,778 at the high end of the range and $7,711 per tonne at the low end. China's central bank injected a record amount of money into the financial system in its Tuesday open market operation through a reverse repo deal, a move equivalent to a cut in...

Published

Linda Lin

October 31, 2012

03:02 GMT

Shanghai

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